U.S. Attorney Philip R. Sellinger stated, "Rostislav Panev for years built and maintained the digital weapons that enabled his LockBit co-conspirators to wreak havoc and cause billions of dollars in damage around the world."
LockBit is noted for targeting a wide range of victims, including "individuals and small businesses to multinational corporations,... critical infrastructure, government, and law enforcement agencies," resulting in at least $500 million in illicit profits.
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